Corn: December corn fell 4 3/4 cents to $4.71 1/2, the lowest close since Sept. 24, 2021. Corn futures fell under increased pressure during today’s session, taking spillover weakness from SRW wheat and soybeans amid harvest pressure.
Soybeans: November soybeans fell 23 1/2 to $13.16 3/4, near the session low. December meal futures fell $4.20 to $387.90, settling two ticks above the session low. December soyoil fell 112 points to 60.94 cents. Soybeans faced selling pressure throughout the session as corn futures traded the lowest level in 23 months.
Wheat: December SRW wheat fell 13 cents to $5.91 1/4 and nearer the session low. December HRW wheat closed down 11 1/2 cents at $7.35 and near mid-range. December Spring wheat futures fell 15 cents on the session to $7.74. The wheat futures markets today saw technical selling pressure as the charts remain firmly bearish.
Cotton: December cotton rose 56 points to 87.00 cents, marking a mid-range close. December cotton futures were able to notch gains amid supportive outside markets, though technical resistance limited gains in addition to persisting demand concerns.
Cattle: October live cattle closed down 60 cents to $186.325. October feeder cattle fell $3.525 at $260.95. Prices closed nearer their session lows. The cattle futures markets today saw routine profit-taking pressure after prices hit contract highs last Friday.
Hogs: October lean hogs were the sole contract of the complex to close higher today, rallying 12.5 cents to $83.25. Lean hog futures continue to trade in a volatile uptrend, with impressive wholesale strength thwarting selling pressure today.